(MENAFN- GlobeNewsWire - Nasdaq) Wilmington, Delaware, Oct. 23, 2023 (GLOBE NEWSWIRE) -- As per the exclusive report studied by Allied market Research, the global disposable gloves industry is predicted to gain $29.80 billion by 2030, exhibiting a CAGR of 4.78% during the forecast period.
The global disposable gloves market is experiencing growth due to numerous factors, including an increase in safety and hygiene concerns, technological advances, huge inflows of immigrants, and a growing awareness of hygiene issues among the food industry and health service providers. However, toxic reactions to some disposable gloves and high-cost competition impede market growth. On the other hand, emerging economies and untapped markets would open new opportunities for the market in the future.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2019-2030 |
| Base Year | 2019 |
| Market Size in 2019 | $10.24 Billion |
| Market Size in 2030 | $29.80 Billion |
| CAGR | 4.78% |
| No. of Pages in Report | 372 |
| Segments Covered | |
| Type, Application, Form, and Region |
| |
| Drivers | An increase in safety and hygiene concerns |
| Large inflows of immigrants |
| Technological innovation |
| A growing awareness of hygiene issues among the food industry and health service providers |
| | Toxic reactions to some disposable gloves |
| Opportunities |
| | High-cost competition |
| | Emerging economies |
| Restraints |
| | Untapped markets |
Recent Developments in the Disposable Gloves Market
In November 2021, Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced that it is expanding the rubber glove market in the Asian region to support its business expansion plan by setting up a subsidiary in Vietnam for the distribution of rubber gloves. In September 2021, Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced the launch of natural rubber gloves (powder-free) Model "Spectrum" (Spectrum) in a variety of colors. In August 2021, Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced the establishment of a company Sri Trang Gloves (Singapore) Co., Ltd. or STGS to take care of the distribution of rubber gloves and manage R&D to increase competitiveness in both production and development of new product innovations. In January 2021, Ansell Limited announced that it completed the acquisition of the Primus brand and related assets that constitute the Life Science business belonging to Primus Gloves and Sanrea Healthcare Products (“Primus”), and also have entered into a long-term supply partnership In February 2020, Ansell Limited announced an acquisition of 50% of the issued shares in Careplus (M) Sdn Bhd from Careplus Group Berhad. This acquisition would further strengthen its market presence by increasing its production capacity.
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This report provides a comprehensive overview of the global disposable gloves market, on the basis of type, form, application, and region.
By type, the nitrile gloves segment is expected to have the highest compound annual growth rate (CAGR) over the forecast period at 5.17%. In 2019, this segment contributed to nearly two-fifths of the global disposable gloves market revenue. The report also discusses other segments such as polyethylene gloves, natural rubber gloves, neoprene gloves, vinyl gloves, and others.
Based on application, the non-medical segment is projected to reveal the highest compound annual growth rate (CAGR) of 5.03%. On the other hand, in 2019, the medical segment accounted for nearly three-fifths of the global disposable gloves market revenue.
The global disposable gloves market is divided into four important geographic regions: North America, Europe, Asia-Pacific (APAC), and Latin America (LAMEA). In 2019, the disposable gloves market in North America garnered nearly two-fifths of the global disposable gloves market. Furthermore, Asia-Pacific would portray the fastest CAGR of 6.35% during the forecast period.
For Procurement Information-
The global disposable gloves market report provides an in-depth examination of the leading players including, Rubberex Corporation (M) Berhad, Kossan Rubber Industries Bhd, Dynarex Corporation, Semperit AG Holding, Ansell Limited, Hartalega Holdings Berhad, Top Glove Corporation Bhd, Cardinal Health Inc., Sri Trang Agro Industry PCL (Sri Trang Gloves (Thailand) Public Company), and Adventa Berhad (Sun Healthcare).
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences , Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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